New Mexico

New Mexico Senator Gerald Ortiz y Pino (D- Bernalillo) recently introduced SB 67, which requests $100,000 for FY 2014 and 2015 to fund the New Mexico Mortgage Finance Authority’s (MFA) administrative and oversight duties under the state’s Affordable Housing Act.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

The New Mexico Housing Mortgage Finance Authority will be hosting a mandatory 2013 QAP and Application Training for all prospective applicants for the 2013 Low Income Housing Tax Credit program.

The New Mexico Mortgage Finance Authority (MFA) has announced the release of its draft for the 2013 Qualified Allocation Plan and has opened it for public comment until September 21, 2012. The proposed draft includes several scoring modifications, including two changes detailed in supplemental documents.

HUD, the Department of Agriculture Rural Development (USDA-RD) and the Community Development Financial Institutions Fund (CDFI Fund) recently the “Border Community Capital Initiative” (Border Initiative), a collaboration designed to increase access to capital in the U.S./Mexico border region which includes some of the poorest communities in the country.

The New Mexico Mortgage Finance Authority (MFA) has issued an RFP to solicit one or more individuals or firms for calendar years 2012 and 2013 to produce a series of affordable multifamily rental real estate market studies for proposed tax credit projects.

The South Carolina State Housing Finance and Development Authority (SC State Housing) released its draft 2012 Qualified Allocation Plan (QAP) and proposed 2012 Low-Income Housing Tax Credit (LIHTC) Manual.

The New Mexico Mortgage Finance Authority released the final Qualified Allocation Plan (QAP) for 2012. The agency will host a 2012 QAP and LIHTC application training on November 17, 2011 from 8:30 am to 12:30 pm. Registration is required and space is limited to 70 people. The 2012 tax credit application round deadline has been set for 5:00 pm on January 31, 2012

HUD’s Economic and Market Analysis Division recently released its Comprehensive Housing Market Analysis report for the Las Cruces, New Mexico market area.

The New Mexico Mortgage Finance Authority (MFA), has released its 2012 draft Qualified Allocation Plan (QAP) for public comment.

The New Mexico Mortgage Finance Authority (MFA) has released its 2011 Draft Low Income Housing Tax Credit Qualified Allocation Plan.